Questions: Which of the following industries was substantially deregulated over the last several decades? Multiple Choice ○ textiles ○ cinemas ○ railroads ○ autos

Which of the following industries was substantially deregulated over the last several decades? Multiple Choice ○ textiles ○ cinemas ○ railroads ○ autos
Transcript text: Which of the following industries was substantially deregulated over the last several decades? Multiple Choice ○ textiles ○ cinemas ○ railroads ○ autos
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Solution

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The answer is railroads.

Explanation for each option:

  • Textiles: The textile industry has not been substantially deregulated in recent decades. It is subject to various regulations concerning labor, safety, and environmental standards. While there have been changes in trade policies affecting textiles, these do not constitute substantial deregulation of the industry itself.

  • Cinemas: The cinema industry has not experienced substantial deregulation. It remains subject to various regulations, including those related to content, distribution, and intellectual property rights.

  • Railroads: The railroad industry in the United States was substantially deregulated with the passage of the Staggers Rail Act of 1980. This act significantly reduced federal control over railroads, allowing them more freedom to set rates and make operational decisions, which led to increased efficiency and profitability in the industry.

  • Autos: The automotive industry has not been substantially deregulated. It remains heavily regulated, particularly in areas such as safety standards, emissions, and fuel efficiency. While there have been some changes in regulations over time, these do not amount to substantial deregulation.

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